US$12M Mazaruni Estates condominium project underway

- to address the need for more living spaces as Guyana’s economy continues to flourish

LAND clearing activities have begun at a site along the new four-lane Mandela-Eccles Road, where the US$12 million Mazaruni kitchen, two baths and a balcony.

Amenities will include an Olympic-sized swimming pool, a basketball court,

It will come with a concierge service in each of the tower to tend to the needs of the respective guests. There will also be a car park that

Preliminary pricing for the condominiums will be US$255,000 each. Interested persons could find out more by contacting mazaruniestatesguyana@gmail.com.

President, Dr. Irfaan Ali, in addressing such developments, had said: “The facts are that the development trajectory of our country is forward-looking. It is upward, it is dynamic, it has diversified and it is bearing potential, not only for investors but now for the creation of the jobs that we talked about. These developments are not isolated, they’re strategically aligned to a goal of a government.” create is a national environment that gives you a national standard.

“We want people to be proud of the environment in which they live and work. We want the environment to be reflective of the growth trajectory of the country. We want the environment to tell the story of the transformation that is taking place.”

Estates condominium will be built by Innovations Investment Inc.

The condominium, which will sit on 2.7 acres of land, will be located next door to the 150-room Four Points by Sheraton–Marriott hotel.

“We decided to enter this venture to answer the call for the need for more living spaces for expatriates and returning Guyanese, to support the overall development of Guyana and to continue in line with the government and the President’s initiative of transforming the country’s infrastructural landscape,” investor, Lorenzo Alphonso, shared in an interview with the Guyana Chronicle.

Construction of the facility will see a high level of local content, he said, adding: “Other than the engineering, everything else will be done by locals. From architecture, to rendering, to MPE, to design, to installation, the total construction will be done by locals.”

The project is expected to last approximately around 16 months. The first phase will see the construction of two towers which will each be five storeys tall, and have 25 two-bedroom condos within each tower. The condo spaces will include two bedrooms, living room, tennis court, jogging trail, country club, restaurant, bar, retail centre and shops. The complex will also have 24hour security. will be able to hold up to 130 vehicles. Each condo will come equipped with one reserved parking and one visitor parking spot as well.

He went on to say: “We’ll have a heavy focus on community development, the internal roads, and communities, ensuring that the credit systems are working. Because what we want to

According to a study by Oxford Economics, accommodation operations and guest spending, support eight million jobs across the US alone. The same study found that a typical hotel with 100 occupied rooms per night supports 230 local jobs every year. And the nation’s hotel and lodging industry brings other important benefits to local communities.

Those businesses are a cornerstone for local economic activity, providing increased tax revenue, capital investment, tourism-related development and promotion, civic leadership, charitable contributions and sponsorship. Those benefits are also expected to accrue to Guyana, as the country continues to function as an investment magnet.

March marks the 105th birth anniversary and 26th death anniversary of the late former President of the Co-operative Republic of